Define savings and loan association (S&L

Q: How Interest, Principal, and Loan Balance Illustrated?

A: Answer: Interest is measured as a percentage of a loan balance, annually paid to the lender for the…

Q: Type of CPM Loan?

A: Introduction: CPM refers to constant payment mortgage, this is nothing but an arrangement…

Q: Customers' current ac bank.

A: Liabilities are accumulated financial obligations that result from past events that are expected to…

Q: Contractual savings institutions include: a.Commercial Banks b.Credit Unions c.Savings and Loans…

A: Contractual savings institutions are intermediaries that purchase money on a contractual basis and…

Q: Define credit terms

A: Credit refers to the amount of money which is lend to the borrower for certain period of time.

Q: How can we determine a Loan's Balance, Principal, and Interest?

A: Loan balance can be determined with the help of formulae: PV is present value r is rate N is number…

Q: Define Accounts payable.

A: Accounts payable refer to money owed by a entity to its creditors or suppliers from whom the entity…

Q: How long-term deposit accounts benefit borrowers

A: A deposit account is an account that is held by the customers of a bank and financial institutions…

Q: Why loan support is needed, explain.

A: Loans are any type pf financial credit facility in which a sum of money is lent by one party to…

Q: Define commercial bank

A: Commercial bank It is a sort of financial institution that acknowledges deposits, gives account…

Q: Illustrate some examples in the area of loan transactions?

A: Loan transactions Accounting: Loans refer to one of the best options for financing. Every business…

Q: What is the Importance of Accrued Interest and Loan Payments?

A: When the bonds are being purchased and sold at that time accrued interest is considered to be…

Q: Define credit standards

A: The set of standards that a firm or bank uses to choose if an advance or credit line is to be…

Q: Define revolving credit agreement

A: Revolving credit agreement: A revolving credit is a lawful guarantee in which a bank agrees to lend…

Q: Benefits of a savings account for borrowers ?

A: The saving account refers to the type of account in a bank that provides the facility to deposit the…

Q: and importance of credit insurance.

A: Credit insurance is a type of insurance policy.

Q: Explain the lending methodology

A: Loaning (otherwise called "financing") happens when somebody permits someone else to get something.…

Q: The problems of credit extension and give examples and illustrations

A: The term credit extension refers to the process of making and renewing the loan, letter of credit,…

Q: Why debtors control account may have credit balance

A: DEBTOR CONTROL ACCOUNT- IT REFLECTS THE TOTAL AMOUNT OWNED BY ALL THE INDIVIDUAL DEBTORS. THE…

Q: Discuss the steps of loan structuring.

A: Loan structuring is defined as the components, which used to make the loan, like term loan, rate of…

Q: Define syndicated loan

A: Syndicated loans are type of loans that are provided for projects that involve huge sum for a single…

Q: Define credit union

A: Credit Union is a not for profit entity that provides financial services to its members.

Q: Define financial assets, trade and other receivables and financial liabilities Thanks tutor

A: Financial assets and trade and other receivables are different types of assets that are part of…

Q: Explain the Federal National Mortgage Association (FNMA)?

A: The Federal National Mortgage Association (Fannie Mae) is a federal corporation that guarantees…

Q: Define secured loans.

A: Secured Loans: Secured loans are those for which the borrower puts up some asset as security or…

Q: Explain Loan Closing Costs and Effective Borrowing Costs?

A: Closing costs are the uses that buyers and vendors ordinarily pay to total a real estate deal, over…

Q: Define credit period

A: The purchase and sales transactions are in the form of cash or credit. If the payment is made at the…

Q: Differentiate the following investments by determining its advantage or disadvantage.  Savings…

A: The savings account provides interest on the money held in the account. The money can be easily…

Q: Define the term accounts receivable?

A:

Q: Define debt service requirements

A: Debt service requirement is very much essential for a company if it wants to maintain a good credit…

Q: describe in detail credit unions

A: Financial institutions: A corporation engaged in the business of handling financial and monetary…

Q: Explain the term Loan Repayment Schedule?

A: Loan is a sum of money borrowed by an individual/organization from a bank or lender that has to be…

Q: Define account payable

A: As the term suggests, accounts payables is the sum of money to be paid in the near future. It is a…

Q: Banking relates Banks provides The Banks heln

A: Explanation : The fact that banks are the backbone of every economy and provide high level of…

Q: What kinds  of fees and penalties can be levied on savings accounts?

A: Bank: It is a financial institution that accept deposits from and provide loan to public. This…

Q: List the ways in whichbanks deal with creditrisk

A: Credit risk in terms of banking industry refers to the risk exposure a bank faces when the borrower…

Q: What is mutual savings bank?

A: The mutual savings bank give loan to those people who are ignored by large financial institutions…

Q: Differentiate savings account from a current or checking account.

A: A bank is an institution that deals with money and credit. It accepts deposits from the public,…

Q: Documents of credit appraisal for individual loan.

A: Credit appraisal basically refers to assessing a particular loan application or proposal in a…

Q: What is SBA Loans

A: Loans- Business loans, also known as commercial loans, are a type of finance used to fund business…

Q: Define consumer credit markets

A: CONSUMER CREDIT MARKET-             Consumer credit refers to short- and intermediate-term personal…

Q: Internal sources of credit information t

A: Second option is wrong because financial statements are published and can be used as an external…